Magnetar Financial LLC raised its position in Motorola Solutions Inc (NYSE:MSI) by 169.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 25,194 shares of the communications equipment provider’s stock after purchasing an additional 15,845 shares during the period. Magnetar Financial LLC’s holdings in Motorola Solutions were worth $2,138,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of MSI. Grove Bank & Trust lifted its position in shares of Motorola Solutions by 731.0% during the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after acquiring an additional 1,060 shares during the period. Sun Life Financial INC lifted its position in shares of Motorola Solutions by 14,800.0% during the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after acquiring an additional 1,184 shares during the period. Acrospire Investment Management LLC lifted its position in shares of Motorola Solutions by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after acquiring an additional 300 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Motorola Solutions during the 3rd quarter valued at $187,000. Finally, Williams Jones & Associates LLC acquired a new position in shares of Motorola Solutions during the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.
In other news, Chairman Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $94.32, for a total value of $4,716,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $92.41, for a total transaction of $546,697.56. The disclosure for this sale can be found here. Insiders have sold a total of 359,286 shares of company stock valued at $33,178,275 in the last 90 days. 2.50% of the stock is currently owned by company insiders.
Shares of Motorola Solutions Inc (MSI) traded up $1.51 during mid-day trading on Friday, reaching $92.80. 2,148,100 shares of the company’s stock were exchanged, compared to its average volume of 1,071,886. The company has a market cap of $14,788.96, a price-to-earnings ratio of 17.76, a PEG ratio of 4.07 and a beta of 0.35. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of -5.41. Motorola Solutions Inc has a fifty-two week low of $76.92 and a fifty-two week high of $94.96.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. Motorola Solutions’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.37 EPS. research analysts anticipate that Motorola Solutions Inc will post 5.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s payout ratio is 48.08%.
MSI has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Jefferies Group reiterated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 31st. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $95.08.
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Motorola Solutions Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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